The game is on – Moneyweb
I don’t think so. In a nutshell this was the response from the Curro board following AdvTech’s announcement on Tuesday that it will not refer Curro’s offer to its shareholders for consideration. It summarily withdrew the cautionary relating to discussions between the two companies. Curro responded with a further, more detailed cautionary announcement. Simon Anderssen comments. […]
Netcare: Both shield and sword – Financial Mail
Private health-care provider Netcare not only has the largest share of the local market but has a significant presence in the UK as well, where it is one of the largest providers to the National Health Service. Under CE Richard Friedland, Netcare has become one of the top health-care groups for deals in SA and […]
Grand Parade eyes Burger King supply chain – Business Day Live
Empowerment investment company Grand Parade Investments has acquired a stake in a burger patties company as a strategic move towards owning the entire Burger King supply chain. The firm’s wholly owned subsidiary, Grand Foods, early in September announced the acquisition of 65% of Excellent Meat Burger Plant for R37 million. Grand Foods was established two years ago to […]
Naspers sees e-commerce as the key to future growth – Business Day
Naspers will continue to invest significantly in its internet businesses, especially e-commerce, in countries such as India. Chief operating officer Larry Illg said India was a key market that was yet to mature, but was highly competitive. Online or e-commerce shopping in India was growing faster than average. In India, Naspers offers classifieds services, payment […]
One share (Naspers) shines brighter – Financial Mail Top Companies
Naspers has surpassed market expectations and become the first company to break through the R2000/share barrier — thanks to its China-based associate company Tencent. But the share price has reverted to trading under R2000, though it may end the year back at that level. Naspers’ share price is correlated closely with the share movement of […]
Africa is certainly not for sissies – Financial Mail
Consumer goods group Tiger Brands’ expansion into the rest of Africa has very much been a case of a “cat on a hot tin roof”. Its experiences in Nigeria and now Kenya have exposed some bad or rather rushed decisions by CEO Peter Matlare and his executives. This has pushed the group into a quandary. […]
Fat margins are a luxury – Financial Mail Investors Monthly
Tiger Brands has not only come under pressure from its offshore operations, its South African business has also been up against a wall in the past couple of years. Since the days of the recession, consumer spending has yet to fully recover, which means growth in the consumer goods industry largely remains subdued. Ongoing job […]
Successful diversification in the sugar industry – Finweek
The sugar producing business is cyclical by nature, as illustrated by the impact of a drought on the recent results from Tongaat Hulett and Illovo Sugar, the giants of the local industry. Both companies have worked hard in recent years to diversify their businesses, including into downstream operations such as ethanol and furfural production, electricity co-generation […]
Hospitals nervous ahead of probe – Citizen
Netcare, Life Healthcare (LHC) and Mediclinic are expected to take some heat when the delayed hearings of the Competition Commissions’ inquiry into the private health care market start. The three listed hospital groups dominate the private hospital market and, although none has a market share of more than 35%, Health Minister Aaron Motsoaledi contends each […]
PPC rises despite 38% earnings fall – Business Day
SA’s dismal construction and mining markets saw the country’s premier cement maker,PPC post a 38% plunge in headline earnings per share in the six months to March. The company, its reputation hard hit by the sudden departure of former CEO Ketso Gordhan late last year after a battle with the board, has seen its share price […]